Skip to main content

About your Search

20121129
20121207
STATION
CNNW 17
FBC 12
MSNBCW 9
CNN 6
KQED (PBS) 6
KPIX (CBS) 5
MSNBC 4
KGO (ABC) 3
KQEH (PBS) 3
KRCB (PBS) 3
CSPAN 2
CNBC 1
KCSM (PBS) 1
( more )
LANGUAGE
English 109
Search Results 0 to 49 of about 111 (some duplicates have been removed)
campaigned for re-election on the idea of a, quote, balanced approach, end quote, to deficit reduction, a mixture of tax increases and spending cuts. here's the plan that the republicans say you presented to them. >> i can tell you what i presented. it will be helpful. >> chris: let me -- >> it is our plan, let me do it. let me explain it. >> chris: i'd like to ask you about this part of it and you can tell me. >> okay. >> chris: $1.6 trillion in tax increases. more than $80 billion in new stimulus spending, next year, and, unspecified nonguaranteed spending cuts. question, is that your idea of balance. >> it is, let me explain what is in the explain they didn't report to you and explain, to people, which is, we propose alongside the trillion dollars in spending cuts we agreed with republicans, last year, on defense and a range of other government programs, proposed $600 billion of detailed reforms and savings, to our health care and other government programs, that is $600 billion. in fact, the health care savings in that plan, are larger than the plans we have seen republicans in the
, to deficit reduction. a mixture of tax increases and spending cuts. here's the plan that the republicans say you presented to them this week. >> i can tell you what i presented if it would be helpful. >> let me ask you. >> but it's our plan. why don't you let me do t why don't you let me explain it. >> well, i would like to ask you about this part of it and then anything i leave out you can tell me. 1.$6 trillion in tax increases, more than $80 billion in new stimulus spending next year, and an unspecified nonguaranteed spending cuts. question, is that your idea of balance? >> it is. let me explain what is in this plan that they didn't report to you and they didn't explain to people, which is we have proposed alongside the trillion dollars in spending cuts, we agreed with republicans last year on defense and other range ever programs, we proposed $600 billion of detailed reforms and savings to our healthcare and medicare programs. that's $600 billion. in fact, the healthcare savings in that plan are larger than the plans we've seen republicans in the past. >> is that what was in the budget?
to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit reduction. that proposal, $1.6 trillion in revenue from tax increases on the wealthy and $600 billion in spending cuts mostly from reductions in medicare. he also wants authority to raise the debt ceiling without congressional intervention. but governors emerged afterwards treading a line between the two sides. delaware governor jack markel, a democ
is essential to reduce deficit. >> today, pelosi clarified she was not referring to the sequester. unless there is action in a hurry, there is a risk national security could be affected in what is a takous world. >> i'm worried because the only part of the federal government that obama administration appears to be willing to cut is the defense department. >> education would be cut by $2.3 billion. medicare payments to hospitals would be slashed by 5.6 billion. and custom and border patrol would lose $823 million. >> the point is to make it painful so they want to cut with a scalpel than a m machete. but it's not clear they will. >> bret: please join chris wallace for "fox news sunday" this weekend. he will have an exclusive interview with house speaker john boehner on the fiscal cliff negotiations. chris will talk to tim geithner. a "fox news sunday" you do not want to miss. check your local listings. consumer spending was down .2 of a percentage point in october. the dow finished ahead. the nasdaq lost two. europe's economy remains in the tank. 17 euro zone countries have a combined unem
, for which we're responsible. there is a $1 trillion -- $1.04 trillion deficit this year, fifth year in a row we have this kind of number. we're going to, as folks used to say when i was a young fellow, this country's going to hell in a hand basket if we don't get our act together. >> and right now, we still have time. dollar's not falling. we don't have treasury bond yields soaring through the roof lou: the euro is rising against the dollar. isn't that embarrassing? >> that's not a concern to the administration or congress. lou: we should say to hell with the sound dollar. let's em brails strong competitiveness. last i looked at the trade deficit, we were, again, lagging and uke sucking popped water. there's a rising deficit stripping our gdp. >> and right now europe is in a relatively deep recession. we're still above water. lou: you jumped all over the punch line because you talk about things not making sense. folks, this is not making sense. i'm delighted because people have wealth left in the equities market, the bond market. how long will that be the case if we go over the cliff? >> won
't raise enough taxes to completely deal witthe deficit. and you do have to do reforms. you need to reform the tax system. you certainly need to make additional cuts. i do want to remind you though, that we have already voted on one trillion dollars of cuts, cuts that would cause great pain. i agree what you 100%. it can not be done. melissa: spending cutting numbers are even smaller than the tax numbers. they don't get us there either. i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the inme from small business. so they're hiringhe majori of people. to me that is going to cost us jobs. >> well,ou know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because it is not just about ising tacks. it is also about the debt ceiling. it is about unemployment insurance. we have number of key issues that absolutely have to be resolved byythe end of the
for a deficit deal, president obama pressed his case at the home of a middle class family in virginia today, part of his pitch to extend tax cuts for all but the very wealthy. good evening, i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, we update the state of the negotiations and examine the push to make changes to social security and medicare. >> brown: then, margaret warner looks at the political strife in egypt, after deadly clashes in the streets and resignations by top officials. >> woodruff: we have a battleground dispatch from a coastal city facing rising sea levels and the next big storm. >> if sandy were to come close or directly into norfolk i think we'd all be in big trouble. >> brown: we assess the latest diplomatic moves to end syria's war, as secretary of state hillary clinton meets with russia's foreign minister. >> woodruff: and ray suarez has the story of a program that aims to put students at low-achieving schools on a path to high school graduation. >> we're here to make things better. we're here to tutor kids. we're here to make sure th
buffett and all his pals, it will pay off obama's 2011 deficit in the year 2520 circumstance, in 514 years time, and then we'll need the next half millenium to pay off his 2012 deficit. >> i think the republicans were sent there with a mandate as well as president. obviously the american people voted for the status quo. they voted for divided government. here's the question i have. i would no want them to think os and grand hides and the slem hammer we're robbing them with. if obama wants to take the country off the fiscal cliff, they need to go there. they seem afraid of that. do you see that. >> it's clear from the election that the majority of americans essentially voted for european levels of spending. you can't have european levels of spending. we're one percent under canada. there's no difference any more, not in terms of government spending. we're close to norway. we're not quite to sweden yet, but we basically are spending like europeans, but we're not taxed like that. the idea that you can close that gap, i think he figured out if he can make this level of spending permanent, he c
house deficit reduction package. later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. tomorrow on ", washington "" robert -- "washington journal," robert van order on the mortgage loan forgiveness. adult'eman on being an with autism. plus, your emails, phone calls, and tweets. >> c-span, created by cable companies and venture 1979, brought to you as a public service by >> president obama talked about the so-called fiscal cliff and his proposal to end the bush era tax cuts. he spoke at a manufacturing facility in hatfield, pennsylvania, for about 25 minutes. >> thank you! [cheers and applause] >> well, good morning, everybody. everybody, please have a seat, have a seat. relax for a second. it is good to see all of you. hello, hatfield! it is good to be back in pennsylvania and it is good to be right here at connects. i want to thank michael airington and the inventor of connects, joel glickman, for hosting me today. where'd they go? stand up so everybody can see you guys. there you go! i just noticed, we got a couple of outstanding members of congress here. chaka
is the problem? we cannot raise taxes enough to take care of $1 trillion worth of deficit spending every single year. so let's get off of this and get on to the other side and start talking about what we have to do to cut our spending, to reform those entitlement programs that are the debt drivers and then do pro-growth tax reform that will stimulate the economy, get the money coming in. it's the best way to get money coming in and that gives everybody a job and helps to take care of the fiscal problem and balanced is what we need. >> congresswoman diane black, thank you for joining me this morning. i appreciate your time. >> thank you. >> i want to bring in our political power panel. political reporter, karen tumult, karen finney and robert trainam. karen, since i know you the best, i'm going to call you k-fin as not to confuse everyone. it seems the taxes are going to go up on the wealthy. the question is whether or not it's through the tax increases or closing the loopholes and the deductions. so do you think that we are closer to a deal today than yesterday if. >> i do. in that now they're
of the entire group of government spending programs that are being looked at to get to deal with the deficits? >> well, before i answer that i was very interested in the way you characterized these programs as entitlements. so-called, you said, entitlements. and we think that a better term would be earned benefits. you know, i counted the letters in the word "entitlement." there are 11 letters. often people refer to entitlement as a four-letter word and it's a derogatory, derisive characterization. these are earned benefits. people pay for them while they're working, social security part "a" medicare, the hospital part. 25% of the premium for part "b." so i wish we would switch from entitlements to earned benefits, first of all. now answer your question, social security has not added a penny to the federal debt, to the deficits every year. it has a surplus. it has a surplus of $2.7 trillion. so why are we in such a rush to change a program that does not have -- is not bankrupt, has a surplus, has 22 years of solvency before it does have a serious problem and has not contributed to the federal
adds so much to the federal budget deficit. so republicans say raise the retirement age to 67 or means testing, meaning making more wealthy americans pay more into the system or get less out of the system. if you means test, that means you're paying less out to affluent americans. if you raise the retirement age, you're paying out less as money comes in and keeping the revenue line closer to the cost line. that is the goal. so when you do a 10 or 20-year calculation, medicare is not adding to the deficit. but that's the policy and just as republicans are having a backlash against the speaker saying we don't think we should put tax increases on the table, the democrats and some of the new members in congress, they say they ran promising not to touch medicare. so they say they won't do this. so you have the credibility challenge. republicans say give us entitlement and other spending cuts and the democrats want higher tax rates. that's why we have a stalemate. >>> an internet icon wanted in connection with the killing of his neighbor. stay with us, you're in "the situation room." that of
to meet his target of eradicating the federal deficit by 2015 as well as securing a fall to gdp ratio. also expected further pressure with a cut to its growth forecast. steve is braving rather inclement british winter weather outside the houses of parliament. >> lovely. >> i know you like it. how much is it going to be raining on george osbourne's parade? >> it's going to rain on his parade. you just nailed it, ross. three things which are going to come up today, which he has very little control over. one is that obr reckoning on the uk economy. thought only back in march it was going to grow -- pain a negative growth for the year. next year they thought it was going to be 2% growth. it's probably only going to be 1%. in terms of those two targets you mentioned, eradicating the structural deficit in a five-year period, that's going to have another couple of years. >> right. now, there we go. you can see jim there in egypt. i wonder whether we should just go as we've decided to cut to him or maybe we can bring steve back. right. we'll try and reestablish steve. we will be going to jim
to reduce the deficit. jenna: interesting the president is saying he was speaking off the you have cuff, no teleprompter there. he's speaking about how he's rooting on american business. pointed to a couple of aspects much the economy, improvement in consumer confidence and housing as well. he was going to talk a little bit about the fiscal cliff and that's something we've all been talking about recently, and what it means for us right now and the year ahead. we also have other business news. we'll get back to the president by the way if and when we get that feedback. he will be taking questions from the audience there of business leaders as gregg mentioned. elizabeth mcdonald ever the fox business network is standing by list toning some of what the president had to say about the economy. liz, can you place it in context about where our economy is right now. >> reporter: the president just now was placing it in the -- the economy in the broader context of what is going on in the world, mentioning asia, mentioning europe, and then he turned to what was the most important part of the spee
trillion and due to expire in february without more deficit reduction. >> history shows that the only major deficit cutting deals we ever do around here ever comes after debates over the debt ceiling. it may be a good idea if you don't care about the debt, but it's a nonstarter for those of us who do. >> reporter: public opinion generally is on the president's side. house republicans are not paralyzed or powerless. in fact, they're more unifyied behind speaker boehner than they were on the debt crisis a year ago. why does this matter? the white house is noticing if there is a deal boehner can find the votes to pass it. >> thanks. we want to give you an idea of what's really at stake here. rebecca jarvis has a lock at how the government spends money and how it could spend less. rebecca, good morning. >> good morning. >> it comes up in terms of the money we're talking about in raising rates. how much is it that the republicans are objecting to? >> if you lock at that $250,000 number, if you were to raise taxes on everybody making $250,000 or more in this countr
they will not increase the debt ceiling now $16 trillion and due to expire in february without more deficit reduction. >> history shows the only major deficit cutting deals we ever do around here, ever, comes after debates over the debt ceiling. it may be a good idea if you don't care about the debt, but it's a non-starter for those of us who do. >> reporter: public opinion generally is on the president's side, but republicans in the house are not paralyzed or perilous, more unified behind speaker boehner than a year ago. why is this important? the white house is beginning to notice and now believe there is a deal boehner can find the stroets pass it. >> an idea what's really at stake. rebecca jarvis has a look how the government spends money and how it could spend less. rebec rebecca, good morning. >> reporter: good morning. >> the question comes up in terms of the money that we're talking about in raising the rate. how much is it that the republicans are objecting to? >> if you look at that $250,000 number, if you were to raise taxes on everybody making $250,000 or more in the country that would ra
as part of this package and put a couple of million people back to work, a lot of the deficit goes away. >> didn't they say that last time? >> i didn't vote for that and the word stimulus is totally discredited. it did not -- 7% of that bill was investment and infrastructure. 42% was tax cuts. we've been trying tax cuts for more than a decade. they don't put people back to work. real investment does. we have report after report, economist after economist, real investment will put millions of people back to work. >> right. those were tax cuts of the vast middle in this country. what you want to extend and the republicans. i'm still confused. if the president wants $1.6 trillion in revenue and is going to do his math, that's $3 trillion in cuts. why only put 400 billion out? >> well, he's probably leaving himself a little room to negotiate. >> a little. >> is reasonable on medicare. if he just started negotiating lower drug prices, that saves medicare $230 billion over ten years. and then you deal with some of these high cost private insurance plans under medicare and a couple of other mi
rates for millionaires. are you kidding me? this will not make a dent in the deficit. here to disagree with me is christian dorsey from the economic policy institute. christian, thank you so much for coming back to the show. you are always a spirited debate partner. tell me why you like this. >> i'll tell you, melissa, to me this is not so much about the revenue that it would raise but about the message and principle it stand for, that we can't in this country have a situation where people are making millions of dollars effectively paying lower tax rates than america's middle class families. the principle of this, of this rule is actually what's most important. the revenue that it raises, it is important because it is not chump change but it is not in of itself going to change our deficit conversation but the principle is one that is extremely important. liz: but you're talking about wealthier people. well thinker people pay a higher average tax rate. everybody pulls out the stat that they want to look at. if you look at average tax rate of the top 1%, it is 23%, almost 24%. i mean, th
on whose estimates you look at we'll have a deficit 1.1, 1.2 or $1.4 trillion a year. >> yes. melissa: none of those things curb the spending we're doing. >> no, right. melissa: that is what i thought was shocking and distressing about crunching these numbers. >> you're absolutely right. the most important way to look at iscal cliff debate, the math is fine to go through it but the most important question in my mind will there be serious structural entitlement reforms. melissa: right. >> the kinds of reforms that will yield savings well down the road, even beyond, 10, 15, 40 year windows we're talking about. what are the structural reforms that would produce those kinds of results. those are only things we should be clear. the only things that would actually make a difference. the kinds of spending you're seeing to a great extent on the fiscal cliff and president's plan and lesser extent to the republican plan, largely discretionary spending cuts. a lot coming out of defense. these are not long-term structural changes that will put us on a path to a balanced budget. that will not happen. m
fund, and the money appears to have helped. the government was able to sink its annual deficit from 32% to 8.5% of gdp, and it is paying much lower interest on government bonds, and the irish economy is growing. only unemployment remains stubbornly high. in october, the jobless rate was still above the eurozone average at 14.7%, but in countries hard hit by the euro crisis, there were even more people out of work, and an increase, and employment is one of 25%. in spain, 26% were one in two young people is out of work. things are not quite that grim in italy, but more and more young people are looking for work. the youth unemployment rate is 36%, the highest since june 2004. >> we have to take a short break, but when we come back, december 1 is world aids day. we will be taking a look at the problem of hiv/aids. >> and what is germany going to do with all its nuclear waste? stay with us for that. >> thanks for staying with us. >> welcome back. one of the consequences of the breakdown of public services in the wake of the economic crisis in greece is a sharp spike up people they're infec
that doubled the tax hikes that he campaigned on and it adds about $150 billion more, not less to the deficit in and new spending. to republicans with that kind of equivalent of lucy and the football and they are laying flat on their backs? >> republicans scoffed at this first foray from the white house. they thought was ridiculous. for the white house it was the first attempt, first specific plan we've seen since the election being put out there. it was frankly a wish list. john boehner acknowledges as much in his comments was that the white house would like to see. if we do get a deal before christmas it won't look anything like this. >> gregg: instead of meeting with members of congress, even day after day and tens of thousands of dollars the president doesn't do that. the president heads back on the campaign trail gives speeches about it. how frustrating is this to some of the folks on capitol hill who do want to sit down and work with him? >> i think it's frustrating to some members of congress, perhaps members of his own party more than anything. if you look at his record he doesn't do
social security is not connected to the deficit. a separate program, funded separately in the own trust fund. that needs to be dealt with separately. with regard to medicare and medicaid, those programs are floating on the overall inflation rate in healthcare. what we need to do, this is a major part of the affordable healthcare act was to bend the cost curve to bridge down the inflation rate in healthcare. in fact, in the last two year years, the inflation rate in medicare has been remarkably low. much to the surprise of everybody. some in the two or 3% range. that is incredible. part of that is due to the affordable healthcare act. undoubtedly to others. with regard to the doctor payments, that is an annual problem here in washington. started back in the early 2000s. continued to be an annual problem. called the doctor fix. i guess for budgeting reasons, way back when they decided that they would only fund that increase in doctor payments for one year. then every year it comes up. every year it grows because of the general inflation in healthcare. it needs to be fixed permanently as p
's debt ceiling is clear. >> this is not about getting a handle on deficits or debt for him. it's about spending even more than he has. >> white house aids reject the republican claims that holding the debt limit over the president's head is the only mechanism to get him to trim spending. >> you're just going to keep at the debt limit goes higher, you spend more money. you and congress, both. >> that's false. president signed into law a trillion dollars in discretionary cuts. the president has a specific proposal to achieve $600 billion in savings from entitlement programs like health care entitlement programs. >> jay compared republican pressure on the debt ceiling to a hostage taking. >> a profoundly bad idea that i think could not be more frightening for american businesses, and american workers. >> treasury secretary tim geithner may have frightened people yesterday saying the white house is prepared to go off the fiscal cliff unless republicans bend on taxes. a comment by former democratic potential candidate howard deen frightened republicans that the debate is not just about rais
. we need to get serious about our deficit and debt that are burying our children's future. [ man ] ring ring... progresso this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. martha: we have brand-new details on the deadly bus crash that happened in florida. police say the bus driver was confused and lost when he chose the wrong route coming out of miami airport. the top of the bus crumpled after the crash and killed two passengers. it had 32 jehovah's church members on board, they were heading to a conference. bill: if you wash watching "fox news sunday" john boehner described his reaction when the president presented its plan for the fiscal cliff. > >> i said you can't be serious. we have 7 weeks went election and the end of the year and three those weeks have been wasted. bill: flabbergasted, rich. wasting time. three weeks
in any deficit deal. >> as for social security, the only thing we hear from why in the world wouldn't they want to talk about the fact that this vital program started spending out more than it took in 2010, for the first time in nearly 30 years and that its trustees now estimate that it will keep spending more than it takes it in for 75 years unless we strengthen it. >> brown: majority whip dick durbin answered that social security isn't the issue; it's medicare and medicaid. >> social security does not add one penny to the deficit. it's an important program, a critical program. let's take care of it in the future. let's do it separate from the debt debate. medicare is another story. medicare has 12 years of life left and let me make a point of saying it has eight of those years because of president obama's leadership. >> brown: white house officials said the president will send treasury secretary timothy geithner and legislative chief rob nabors to the capitol tomorrow, to meet with congressional leaders. >> warner: online, we have a primer explaining how the fiscal cliff might aff
out sensible spending cuts that must be part of any significant agreement that will reduce our deficit. >> the president has put forward in september of 2011 with his proposal to the so-called super committee and his budget of february of 2011 very specific spending cuts, including savings from health care entitlement programs. >> so one of the issues is, when you talk specifics and they become part of the public conversation, it's very easy for those things to get derailed in the time available where all the sides sort of clamber and attack some of the specifics. both parties have an interest in keeping some of this close to the vest. what we're hearing from senate democrats today is they believe that the election suggests that the public really wants those higher rates for the higher earners in terms of taxes. senator reid and other democrats don't want to talk about specific cuts or entitlement reforms publicly. everyone saying they don't want to negotiate from the podium. but everyone is aware it's the end of november. there isn't a lot of time left. and how quickly and how peacefu
took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1. i mean, i... i'm assuming that doesn't sound too good to you. >> no. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> warner: in washington, republicans portrayed the road trip as so much humbug, at a time, they said, when negotiations are going nowhere. >> there's a stalemate. let's not kid ourselves. >> warner: house speaker john boehner said republicans remain willing to raise revenues, but not by raising tax rates. and he charged the white house isn't negotiating in good faith. >> the day after the election, i said the republican majority would a
, not just to avoid the damage of the sequester but to help reduce our long-term deficit. >> i was disappointed by the president's proposal. i think it is essentially a rerun of his budget proposal. the revenue proposals are $1.6 trillion in revenue and tax increases. it's a massive tax increase. but also not significant and meaningful in entitlement reforms. >> so, anna, i hear comments like those and remarks by john boehner and the president of the united states and i wonder after the election, did we learn anything? because i -- my reading on the election was that the people, the voters wanted compromise. and for the people in washington to talk to each other not at each other. that still appears to be what they're doing, no? >> i think right after the election that was the message that even president obama and john boehner and the entire leadership, we saw that incredible image of the minority and majority leaders on both houses come out saying things that sounded like they were going to cooperate. but, you know, only in washington can that mean nothing quickly. but i do th
obama's reckless deficits and his reckless debt. they were elected to stop the explosive growth of government. the republicans were elected and sent to washington to fight for limited government, balanced budgets, and of course, greater liberty for all the american people. at this moment it seems like they are only offering a democratic light version for america. maybe they need to learn a thing or two from president obama. maybe they need to show a willingness to go over the so-called fiscal cliff. now, if the president really wants to take the country there, maybe they need to let him go there. here's the bottom line. what are we hearing from the white house? we're hearing the president will not negotiate unless taxes are raised on job creators, and we're hearing that the president now wants to seize control of the debt ceiling from congress. well, that means rather than needing the approval of the house was the senate to raise the nation's spending limit, president barack obama wants to do this all by his lonesome, a blank check. >> if congress in any way suggests that they'r
're running a trillion dollar deficit year single year. if we went back to zero, we're rebalanced. right now with the fourth year in a row, that deficit and debt continues to climb. so it doesn't really wipe it out and the challenge of it is what does that do to the overall economy. we're not just dealing with one tax increase as well. a lot of people lose track of that. the affordable care about actually begin on january 1st as well for people making $200,000 or more. or people having large medical bills. this is talking about an additional tax increase on top of that. >> what about what bill clinton said? he said once things start to get better and that's a crucial point he was making. once the economy starts to get better, taxes have to go up on the middle class. do you agree? is. >> i don't, actually. and the reason being is that right now, if you look at the real math, in 2007 and 012, we have the same amount of revenue. now, 2008 and 2009, we had a dramatic drop in federal revenues, but we've slowly climbed back up. revenue has gone up every year of the obama administration and now, we
and then on everybody else. not so he can lower the debt or the deficit but so he can spend to his heart's content. as a result some democrats have pushed the president to just raise the nation's debt ceiling on his own. they believe he has that executive power by invoking the 14th amendment of the constitution. but jay jay cancer carney the white house spokesman has studied that. they do not believe the president has that executive power. what that means they have got to go to congress to get the debt ceiling lifted the next couple of mons. that means the showdown is coming, shep. >> shepard: ed henry at the white house lawn. one critical republic who criticized house speaker john boehner over own party fiscal cliff honor says is he resigning. an important man, too. south carolina senator jim demint a key force behind the tea party movement. the founder of the tea party caucus in the senate and who predicted that the healthcare debate would be president obama's water loo. remember that? earlier this week he argued that speaker boehner's proposal tax hikes would destroy jobs. but senator demind sa
Search Results 0 to 49 of about 111 (some duplicates have been removed)